Company | Bonus Text | Action | |||
---|---|---|---|---|---|
#1 |
Up to $1,000 First Bet Back on Caesars |
T&C applied
Up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt. | |||
#2 |
Bet $5 Get $200 If Your Bet Wins |
T&C applied
21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA (permitted parishes only)/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only (minimum $5). Bonus issued as nonwithdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com. | |||
#3 |
No Sweat First Bet up to $1,500 + Daily NBA No Sweat SGPs |
T&C applied
No Sweat First Bet up to $1,500 Plus a No Sweat Same Game Parlay Every Day of the NBA Playoffs 21+. New customers only. Offer available in Offer available in AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/MI/NJ/ NY/NC/OH/PA/TN/VA/VT/WV/WY. Minimum $5 deposit required. Bonus Bets will be paid out within 24 hours of bet settlement. Bonus Bets valid for seven (7) days. One qualifying bet per customer. Opt in req. Separate opt-in required for SGP Insurance promotion. Offer expires 6/23/24. Terms and conditions apply, visit DraftKings to learn more. See full T&C at DraftKings. | |||
#4 |
Bet $5, Get $150 or $1,000 First Bet Safety Net |
T&C applied
Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Limit one bonus per user. Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA. First online real money wager for both offers. $10 first deposit required within 30 days. Minimum wager of $5 required to claim the $150 bonus bets. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expires in 30 days. See full T&C at Bet365. #ad | |||
#5 |
Up To $1,500 In Bonus Bets If Your First Bet Is Lost |
T&C applied
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,000. Full T&Cs can be found on betmgm.com. | |||
#6 |
No Sweat First Bet Up To $105 |
T&C applied
Up to $105 Back in Fred Bets if Your First Wager Loses
21+. New customers only.
Offer available in AZ/CO/IA/MD/OH/VA. No Bonus in PA.
Minimum qualifying wager of $20+. Minimum odds of -200. Qualifying wager must settle as a loss to be eligible to claim Fred Bets. Maximum bonus awarded is $105, and Fred Bets must be wagered within 7 days of receiving. | |||
#7 |
Bet $5 & Get $100 in Bonus Bets |
T&C applied
Bet $5 & Get $100 in Bonus Bets 21+. AZ/NJ/TN/VA only. Different offer(s) available in FL/IA/IN/OH. New customers only. Must make a deposit and qualifying wager of $5+. Qualifying bet must have odds -250 or longer (i.e., +100, -110). Bonus Bets will be split up into 5 $20 Bonus Bets. Bonus Bets will be loaded into accounts on bet placement. Bonus Bets will expire 14 days after issuance. See full T&C at Hard Rock Bet. | |||
#8 |
Up to $250 in Matched Bets Over Your First 5 Weeks |
T&C applied
21+. New customers only. CO and IA only. Must deposit and wager $10+ within 30 days to become eligible for the 100% Bet Match up to $50 in non-withdrawable bonus bets for five (5) consecutive weeks (maximum total of $250). Bet Matches will only be applied to the first qualifying wager of each week. Promotional weeks begin on Monday, and wagers must be straight bets (no promotional markets) with odds of -200 or greater. Qualifying wagers must settle within seven (7) days of the bet placement. Full T's & C's apply, visit ClutchBet for more details. Must use promo code CLUTCH250 | |||
#9 |
First Bet Insurance Up To $500 |
T&C applied
Up to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. MD only.
Minimum $10 deposit. Must make qualifying cash wager with odds of -120 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500. Bonus Bets awarded in $25 increments, rounded down to the nearest multiple. Winnings from bonus bets are capped at 2x the stake. |
Sportsbooks With Cash out
The cash-out feature is an innovative way for players to reduce losses or ensure a win if bets are not going according to plan.
Losing money is not an easy pill to swallow and the fact that you can get your money out on time makes it a very useful tool. Many Sportsbooks offer cash out with various modifications.
Here, you will find the best betting sites offering cash out. Whether it is Full cash out, Partial cash out, Auto cash as well as Live bet editing, all will be covered.
You will also be able to learn about the pros and cons of each cash-out type, so you can choose the best option for you.
Here are our top six betting sites with cash out:
5 Best Betting Sites With Cash Out
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
- Bet365 Cash Out: Wide-ranging cash out options
- BetMGM Cash Out: Full cash out
- Caesars Cash Out: Full and partial cash out
- DraftKings Cash Out: Full and Futures cash out
- FanDuel Cash Out: Full cash out
Best Online Betting Sites with cash out Reviewed
Let's get into the nitty-gritty of the top betting sites with cash out and what makes each one valuable.
Bet365 Cash Out
All the cash out types are present on Bet365, and they can be used on all single and combination bets as well as pre-game and live bets.
Additionally, players can close bets partially. Similarly, they have the option of Auto cash out which enables you to set a certain sum for cash out. Once the cashout value reaches the set limit, the cash out will be done automatically.
Bet365 Cash Out Features
- Full Cash Out ✅
- Parlay Cash Out ✅
- Partial Cash Out ✅
- Live Bet Editing ❌
- Auto Cash Out ✅
Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Limit one bonus per user.
Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA.
First online real money wager for both offers. $10 first deposit required within 30 days.
Minimum wager of $5 required to claim the $150 bonus bets.
Loss refunded as bonus bets up to $1,000 with Safety Net Offer.
Bonus issued as non withdrawable bonus bets that expires in 30 days.
See full T&C at Bet365. #ad
BetMGM Cash Out
BetMGM also has what can be described as a fairly comprehensive cash-out feature. Players have the option to use the full cash out, partial cash out, Auto cash out, and also edit bets.
The BetMGM cash ranks high in terms of the array of options and functionality. The BetMGM Edit My Bet feature allows players to remove or add selections, swap a selection, or increase the wager.
BetMGM Cash Out Features
- Full Cash Out ✅
- Partial Cash Out ✅
- Parlay Cash Out ✅
- Live Bet Editing ✅
- Auto Cash Out ✅
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,000. Full T&Cs can be found on betmgm.com.
Caesars Cash Out
Caesars is another giant Sportsbook that offers Cash out to players, but their offering is less robust than both the Bet365 and BetMGM cash-out packages, as they only offer full and partial cash-out functions on both single and parlay bets.
With these features, players are able to use cash out on same game parlays, Parlays, and super parlays. This gives players immense value. All this put Caesars near the top end of our list of betting sites with cash out.
But the downsides are that there are no Auto cash out and Live bet editing functions.
Up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+ only. New customers only. AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY. Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt.
DraftKings Cash Out
DraftKings cash out allows players to end straight bets and Parlay bets.
Players can close their live bet on both bet types as long as no leg of the bet is lost. Another stand-out feature is that the value of their cash out offers is generally of good value.
DraftKings Cash Out Features
- Full Cash Out ✅
- Parlay Cash Out ✅
- Partial Cash Out ❌
- Live Bet Editing ❌
- Auto Cash Out ❌
No Sweat First Bet up to $1,500 Plus a No Sweat Same Game Parlay Every Day of the NBA Playoffs
21+. New customers only. Offer available in
Offer available in
AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/MI/NJ/ NY/NC/OH/PA/TN/VA/VT/WV/WY.
Minimum $5 deposit required. Bonus Bets will be paid out within 24 hours of bet settlement. Bonus Bets valid for seven (7) days. One qualifying bet per customer. Opt in req. Separate opt-in required for SGP Insurance promotion. Offer expires 6/23/24. Terms and conditions apply, visit DraftKings to learn more.
See full T&C at DraftKings.
FanDuel Cash Out
If you like to place wagers on FanDuel, rest assured that there is a nice cash out you can take advantage of.
While FanDuel lacks features like Live editing, Auto cash out, and Parlay cash out, players can make use of both the Full and Partial cash-out offers to maximize the profit margin.
FanDuel Cash Out Features
- Full Cash Out ✅
- Parlay Cash Out ✅
- Partial Cash Out ❌
- Live Bet Editing ❌
- Auto Cash Out ❌
21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA (permitted parishes only)/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only (minimum $5). Bonus issued as nonwithdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com.
How Does Cash Out Work?
As we have explained, the cashout feature is a great tool to minimize losses, while increasing the chance for profitable betting.
It follows the principle of cutting your loss and taking some cash when you have the chance, although with reduced winnings.
With cash out, if your bet is headed for the bins, you can still salvage it.
However, betting sites calculate the amount of money they offer as cash-out value, with recourse to the pending events and their results and their own profit.
How to Use cash out
- Place a bet (You have to place a wager)To be able to cash out a bet, you have to place one.)
- Monitor your bet (After placing the bet, you have to keep an eye on the progress of your selections.)
- Decide when to cash out ( You hold all the aces! Cash out If you are not confident about the remaining selections.)
Remember that you can only cash out if your bet is still active, irrespective of the bet type.
In the case of a futures bet, you can cash out if the team you back is still in contention for winning a championship.
Types of Cash Out
As we have established in this article, cash out offers generally give players a chance to get some cash before the bet is ended. However, there are different variants.
A cash out offer could be in any of the following forms:
- Full Cash Out
- Partial Cash Out
- Auto Cash Out
Full Cash Out
This is the simplest form of cash out and it is pretty straightforward. The Full cash out gives you the option to withdraw all the money available for cash out.
It is the most common form and it is available on almost all betting sites offering cash out. This cashout type usually signals the end of a bet. As soon as a cash out is effected, the bet is brought to an end the bettor is credited the full cash out amount.
Once the cash out is implemented, there are no further hopes of getting out of the bet anymore unlike the partial cash out.
Company | Bonus Text | Action | |||
---|---|---|---|---|---|
Up to $1,000 First Bet Back on Caesars |
Up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt. | ||||
Bet $5 Get $200 If Your Bet Wins |
21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA (permitted parishes only)/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only (minimum $5). Bonus issued as nonwithdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com. | ||||
No Sweat First Bet up to $1,500 + Daily NBA No Sweat SGPs |
T&C applied
No Sweat First Bet up to $1,500 Plus a No Sweat Same Game Parlay Every Day of the NBA Playoffs 21+. New customers only. Offer available in Offer available in AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/MI/NJ/ NY/NC/OH/PA/TN/VA/VT/WV/WY. Minimum $5 deposit required. Bonus Bets will be paid out within 24 hours of bet settlement. Bonus Bets valid for seven (7) days. One qualifying bet per customer. Opt in req. Separate opt-in required for SGP Insurance promotion. Offer expires 6/23/24. Terms and conditions apply, visit DraftKings to learn more. See full T&C at DraftKings. | ||||
Bet $5, Get $150 or $1,000 First Bet Safety Net |
Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Limit one bonus per user. Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA. First online real money wager for both offers. $10 first deposit required within 30 days. Minimum wager of $5 required to claim the $150 bonus bets. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expires in 30 days. See full T&C at Bet365. #ad | ||||
Up To $1,500 In Bonus Bets If Your First Bet Is Lost |
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,000. Full T&Cs can be found on betmgm.com. |
Partial Cash Out
Partial cash out is not as common as Full cash out and not all betting sites offer a partial cash out.
With this type of cash out, you have the option of cashing out a percentage of the potential payout, with the hopes of taking even more winnings when all of the selections on the bet slip are won.
It is a nice way for players to make sure of their profit on their initial stake while still holding out for more profit when the bet is finally settled.
Company | Bonus Text | Action | |||
---|---|---|---|---|---|
Up to $1,000 First Bet Back on Caesars |
Up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt. | ||||
Bet $5, Get $150 or $1,000 First Bet Safety Net |
Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Limit one bonus per user. Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA. First online real money wager for both offers. $10 first deposit required within 30 days. Minimum wager of $5 required to claim the $150 bonus bets. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expires in 30 days. See full T&C at Bet365. #ad | ||||
Up To $1,500 In Bonus Bets If Your First Bet Is Lost |
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,000. Full T&Cs can be found on betmgm.com. |
Auto Cash Out
Auto cash out gives you the chance to set a pre-determined sum you want to make off your bet. When your profit rises to the pre-determined sum, the bet will be cashed out automatically, and you will be credited with your winnings.
This is not so common with sportsbooks, but Bet365 and BetMGM allow you to use this function on your bet. While this type of cash out gives players a good chance of making profits if the first few selections on a bet slip go according to plan, it greatly reduces the chance of making bigger profits from bets in the case where all of the selections are won.
However, the satisfaction of knowing that you can leave your bets to run and get your profit without having to follow the progress of your bets (assuming that the events needed to get to the pre-determined cash out value goes smoothly) is nice.
Company | Bonus Text | Action | |||
---|---|---|---|---|---|
Bet $5, Get $150 or $1,000 First Bet Safety Net |
Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. Limit one bonus per user. Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA. First online real money wager for both offers. $10 first deposit required within 30 days. Minimum wager of $5 required to claim the $150 bonus bets. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expires in 30 days. See full T&C at Bet365. #ad | ||||
Up To $1,500 In Bonus Bets If Your First Bet Is Lost |
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,000. Full T&Cs can be found on betmgm.com. |
Cash Out Betting Apps
These days people like to place wagers on the go, meaning they place bets on mobile devices. However, there are no differences between placing a bet on a Desktop and your mobile devices.
But with more people preferring to wager using their mobile devices, there are even more in terms of offers and features on mobile devices.
Another advantage of using the cashout feature on betting apps is convenience. Players do not have to be domiciled in front of their computers to monitor bets and cash out if need be. With a few clicks on a mobile device, a cash out can be effected in no time.
Pros & Cons of Cash Out
We have highlighted all that there is to know about the Cash out feature. While it is a great tool to increase the chances of making profits from wagers, it also has its downsides.
Cash Out Pros | Cash Out Cons |
Control over bets | Reduces profit margin |
Could ensure profit if well used | Player could miss out on a big win |
Easy to use | Cash out is tied to the state of play |
When should I cash out?
Cash out offers are not always available throughout the lifespan of a bet, so it is crucial to carefully consider when to cash out or not.
If you choose to cash out early, you may be getting a sum significantly lesser than the potential payout, but higher than the stake.
At other times, the cash out may be significantly lesser than even the stake, depending on the direction of the bet.
If you reject a cash-out, and the bet isn’t looking too good, you may not win anything.
However, as a general rule, you should always aim to effect cash out when the cash out is significantly higher than the stake.
Company | Bonus Text | Action | |||
---|---|---|---|---|---|
#1 |
Up to $1,000 First Bet Back on Caesars |
T&C applied
Up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt. | |||
#2 |
Bet $5 Get $200 If Your Bet Wins |
T&C applied
21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA (permitted parishes only)/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only (minimum $5). Bonus issued as nonwithdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com. | |||
#3 |
No Sweat First Bet up to $1,500 + Daily NBA No Sweat SGPs |
T&C applied
No Sweat First Bet up to $1,500 Plus a No Sweat Same Game Parlay Every Day of the NBA Playoffs 21+. New customers only. Offer available in Offer available in AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/MI/NJ/ NY/NC/OH/PA/TN/VA/VT/WV/WY. Minimum $5 deposit required. Bonus Bets will be paid out within 24 hours of bet settlement. Bonus Bets valid for seven (7) days. One qualifying bet per customer. Opt in req. Separate opt-in required for SGP Insurance promotion. Offer expires 6/23/24. Terms and conditions apply, visit DraftKings to learn more. See full T&C at DraftKings. |
Cash Out Betting Sites FAQs
Cash out is simply a chance for you to end your bet for a profit before the bet is settled.
After placing a wager on a betting site with cash out, you will be notified by the sportsbook that there is a chance to cash out with the aid of a button or an icon if the bet is still running.
Nowadays, almost all sportsbooks offer one form of cash out or another.
The partial cash out feature lets you take part of your bet while allowing the remaining to go on to full term. Sportsbooks usually have a slider that lets you choose how much you want to cash out and how much of the bet you want to keep active.
The answer to this question is simple! if you do not have the courage for your bet to run its entire course, or you feel your bet is in danger of it being binned, and you are content with the cash-out amount, you can go on to use the cash out feature.